Ryanair extended the deadline for its offer for Aer Lingus to Dec. 4 from Nov. 13 as it conceded that fewer than 0.1% of EI shareholders have accepted its €2.80 ($3.60) per share bid. The LCC said that "valid acceptances of the offer had been received in respect of 504,994 Aer Lingus Shares," representing about 0.095% of the issued share capital. EI urged its shareholders earlier this month to take no action on the offer (ATWOnline, Nov. 6). Ryanair said the deadline for it to raise ...

Subscribe to Access this Entire Article

"Ryanair extends deadline for faltering Aer Lingus bid" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.